Common use of Securing of Indemnification Obligations Clause in Contracts

Securing of Indemnification Obligations. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company may maintain insurance, obtain a letter of credit, act as self-insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the Company, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the Member shall deem appropriate. Absent fraud, the determination of the Member with respect to such amounts, costs, terms and conditions shall be conclusive against all security holders, officers and members and shall not be subject to voidability.

Appears in 47 contracts

Samples: Limited Liability Company Agreement (Entercom Springfield, LLC), Limited Liability Company Agreement (Entercom Springfield, LLC), Limited Liability Company Agreement (Entercom Springfield, LLC)

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Securing of Indemnification Obligations. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company corporation may maintain insurance, obtain a letter of credit, act as self-insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the Companycorporation, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the Member board of directors shall deem appropriate. Absent fraud, the determination of the Member board of directors with respect to such amounts, costs, terms and conditions shall be conclusive against all security holders, officers and members directors and shall not be subject to voidability.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Marlin Business Services Corp), Agreement and Plan of Merger (Blue Ridge Real Estate Co)

Securing of Indemnification Obligations. To further effect, satisfy or secure the indemnification obligations provided herein in this Section or otherwise, the Company may maintain insurance, obtain a letter of credit, act as self-insurer, create a reserve, trust, escrow, cash collateral or other fund fond or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the Company, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the Member shall deem appropriate. Absent fraud, the determination of the Member with respect to such amounts, costs, terms and conditions shall be conclusive against all security holders, the Member and officers and members and shall not be subject to voidability.

Appears in 2 contracts

Samples: Operating Agreement (Professional Teleconcepts, Inc.), Limited Liability Company Operating Agreement (Professional Teleconcepts, Inc.)

Securing of Indemnification Obligations. To further effect, satisfy or secure the indemnification indemnification obligations provided herein or otherwise, the Company Corporation may maintain insurance, obtain a letter of credit, act as self-insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification indemnification agreements, pledge or grant a security interest in any assets or properties of the CompanyCorporation, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the Member Board shall deem appropriate. Absent fraud, the determination of the Member Board with respect to such amounts, costs, terms and conditions shall be conclusive conclusively against all security holders, officers officers and members directors and shall not be subject to voidability.

Appears in 1 contract

Samples: Palci Membership Agreement

Securing of Indemnification Obligations. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company may maintain insurance, obtain a letter of credit, act as self-insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the Company, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the Member shall deem appropriate. Absent fraud, the determination of the Member with respect to such amounts, costs, terms and conditions shall be conclusive against all security holders, officers and members and shall shill not be subject to voidability.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Entercom Springfield, LLC)

Securing of Indemnification Obligations. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company may maintain insurance, obtain a letter of credit, act as self-self insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the Company, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the Member Manager shall deem appropriateapprove. Absent fraud, the determination of the Member Manager with respect to such amounts, costs, terms and conditions shall be conclusive against all security holdersMembers, officers and members Managers and shall not be subject to voidability.

Appears in 1 contract

Samples: Operating Agreement (Noble Advisors, LLC)

Securing of Indemnification Obligations. To further effect, satisfy or secure the indemnification obligations provided herein in this Section or otherwise, the Company may maintain insurance, obtain a letter of credit, act as self-insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the Company, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the Member shall deem appropriate. Absent fraud, the determination of the Member with respect to such amounts, costs, terms and conditions shall be conclusive against all security holders, the Member and officers and members and shall not be subject to voidability.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Professional Teleconcepts, Inc.)

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Securing of Indemnification Obligations. To further effect, satisfy or secure the indemnification obligations obligation provided herein or otherwise, the Company may maintain insurance, obtain a letter of credit, act as self-insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the Company, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the Member Manager shall deem appropriate. Absent fraud, the determination of the Member Manager with respect to such amounts, costs, terms and conditions shall be conclusive a against all security holdersMembers, officers and members directors and shall not be subject to voidability.

Appears in 1 contract

Samples: Energy, LLC Agreement (Comlink Communications Co)

Securing of Indemnification Obligations. To further effect, satisfy or secure the indemnification obligations provided herein or otherwise, the Company Corporation may maintain insurance, obtain a letter of credit, act as self-insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the CompanyCorporation, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the Member Board shall deem appropriate. Absent fraud, the determination of the Member Board with respect to such amounts, costs, terms and conditions shall be conclusive conclusively against all security holders, officers and members directors and shall not be subject to voidability.

Appears in 1 contract

Samples: Palci Membership Agreement

Securing of Indemnification Obligations. To further effect, satisfy or secure the indemnification obligations provided herein in this Section or otherwise, the Company may maintain insurance, obtain a letter of credit, act as self-insurer, create a reserve, trust, escrow, cash collateral or other fund or account, enter into indemnification agreements, pledge or grant a security interest in any assets or properties of the Company, or use any other mechanism or arrangement whatsoever in such amounts, at such costs, and upon such other terms and conditions as the Member or Managers shall deem appropriate. Absent fraud, the determination of the Member or managers with respect to such amounts, costs, terms and conditions shall be conclusive against the Member and all security holders, officers and members managers and shall not be subject to voidability.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (ARAMARK FHC Kansas, Inc.)

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